Job Market Monitor
Layoffs
IP – Layoffs at box plant as one shift closing down
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading
US – Work-Sharing to Stop Layoffs with $100 Million to States
The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. The “work-sharing” program was passed as part of … Continue reading
Las Vegas – Layoffs Coming As Several Restaurants Close
Several hundred people could soon lose there jobs at three restaurants on the Las Vegas Strip. The “Review-Journal” reports Red Square, China Grill, and Red, White and Blue inside The Hotel at Mandalay Bay will close November 18th. Over 350 workers are expected to be laid off… via Layoffs Coming As Several Restaurants Close « … Continue reading
US – Government employment Job Cuts – 1.7 million more jobs
Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly … Continue reading
Legal Services Corp – Layoffs of 8 percent of agencies’ lawyers
The nation’s providers of civil legal assistance predict that funding cuts will leave them no choice this year but to lay off about 8 percent of lawyers and support staff, close branch offices and narrow the types of services they provide, Legal Services Corp. announced on August 15… via More legal aid lawyers on the … Continue reading
Wall Street – More Layoffs to Come
Big banks are unlikely to be broken up — but they will keep getting smaller by getting rid of a large numbers of workers. Wall Street financial firms cut more than 75,000 people in 2011, and their employees are bracing for another round of layoffs. Analysts estimate that Wall Street banks will have roughly 10 … Continue reading
SUNY Downstate Medical Center – More than 1,000 workers are losing jobs
More than 1,000 people are slated to be laid off at financially-troubled SUNY Downstate Medical Center in the next year — with hundreds now getting word they’re being axed. One of every eight employees at the cash-strapped hospital’s East Flatbush and Cobble Hill facilities are being let go, according to Brooklyn pols who have asked … Continue reading
ThyssenKrupp Layoffs – Mobile County Shaken
ThyssenKrupp Steel USA announced plans Monday to lay off nearly 200 workers from its Calvert plant of more than 1,600 people. The German Steel Company said the reduction of their workforce by 197 jobs, of which 143 are hourly positions, is due to “the increasing costs of raw materials used by the plant and slower … Continue reading
Wind – Vestas begins layoffs
Vestas on Monday confirmed an undisclosed number of workers at its Pueblo tower plant received layoff notices as the wind turbine maker began a pullback due to slumping U.S. orders. The company declined to give a specific number of job cuts but outside observers estimated the layoffs could affect about 90 of the plant’s 450 … Continue reading
What is happening in Apple Stores? Layoffs and Working Hours Cuts ?
It seems that Apple is in the midst of reducing the working hours of staff at its retail stores, and even laying off those recently taken on. Apple has reportedly been making cuts to its retail workforce, many of them new employees fresh out of the store’s training program. Apple fan site MacRumors said that … Continue reading
Google – 4,000 Jobs Cut at Motorola Mobility
Motorola Mobility, which was bought by Google Inc. for $12.5-billion, will cut 20 per cent of its work force and shut nearly a third of its offices worldwide, Google said on Monday. “These changes are designed to return Motorola’s mobile devices unit to profitability, after it lost money in fourteen of the last sixteen quarters,” … Continue reading
UK – 1 in 3 firms are maintaining staff but will make redundancies if economic growth does not return soon
CIPD research reveals that 1 in 3 firms are maintaining staff levels higher than they need in order to avoid losing skills, but will make redundancies if economic growth does not return soon The immediate jobs outlook remains positive, bolstered by employers who are holding on to staff to avoid losing skills despite low levels … Continue reading
Brazil – GM postpones layoffs decision until Nov
General Motors Co and a Brazilian union have agreed to postpone until November a politically sensitive decision to eliminate as many as 1,840 jobs at a factory near São Paulo. The decision, following tense talks and heated reminders by Brazil’s government that current tax cuts enjoyed by the carmaker go hand in hand with a … Continue reading
South Korea – Layoffs across brokerage houses
South Korean brokerage houses are slashing workforces as Europe’s debt crisis and the global economic slowdown bite into their profitability and their trading activities, sources said Monday. The total number of employees at 63 local brokerage firms reached 42,388 at end-March this year, down 0.7 percent from three months earlier, according to the data from … Continue reading
New Zealand – KiwiRail – 181 layoffs over three years
KiwiRail will slash 181 jobs over the next three years as it cuts back its infrastructure and engineering arms. Staff will be told this week which jobs will go, and KiwiRail is seeking expressions of interest for voluntary redundancy, chief executive Jim Quinn said in a statement on Monday… via NZ KiwiRail to axe 181 staff … Continue reading
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